Monnet Ispat and Energy reported 4.08% rise in net profit for the quarter ended December 31, 2011 at Rs 73.05 crore on increased revenue against Rs 70.18 crore net profit during the October-December quarter last fiscal. Company’s total income increased by 38.5% during the quarter under year review at Rs 481 crore against Rs 347.14 crore in the October-December quarter last fiscal.
Monnet Ispat is the flagship company of the well diversified Monnet Group. The group currently manages manufacturing units for sponge iron, steel melting and rolling mill, ferro-alloys plant, power generation units, mining and mineral beneficiation of coal, iron ore and other minerals.
